Current:Home > MySNAP benefits, age requirements rise in last echo of debt ceiling fight. What it means.-DB Wealth Institute B2 Reviews & Ratings
SNAP benefits, age requirements rise in last echo of debt ceiling fight. What it means.
lotradecoin knowledgebase View Date:2024-12-26 01:32:58
Users of the Supplemental Nutrition Assistance Program (SNAP) are set to see their benefits marginally increase this month as cost-of-living adjustments take effect.
The adjustments are paired with a rise in the age considered to be an "able-bodied adult without dependents" from 52 to 54. The rise is the final piece of the Fiscal Responsibility Act that led suspending of the debt ceiling until 2025 and the ouster of then-Republican Speaker of the House Kevin McCarthy.
The act forced those considered an "able-bodied adult without dependents" to show they are working at least 80 hours a month or enrolled in an education or training program to receive benefits. The requirements are in place until 2030.
SNAP benefits increase
Households will see their benefits increase by a few dollars per month though allotments are higher in Hawaii, Alaska, the Virgin Islands and Guam to offset higher food costs.
Income eligibility for the program also changed with the rules update. The net monthly income eligibility threshold for a family of four moved from $2,500 for Fiscal Year 2024 to $2,600 for Fiscal Year 2025.
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